Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) Trading Down 0.7% – What’s Next?

Pacer Data & Infrastructure Real Estate ETF (NYSEARCA:SRVR) shares were down 0.7% during trading on Wednesday . The stock traded as low as $30.67 and last traded at $30.72. Approximately 27,132 shares changed hands during trading, a decline of 75% from the average daily volume of 106,800 shares. The stock had previously closed at $30.93.

Pacer Data & Infrastructure Real Estate ETF Stock Performance

The company has a 50-day simple moving average of $31.22 and a two-hundred day simple moving average of $32.64. The stock has a market cap of $370.18 million, a price-to-earnings ratio of 41.56 and a beta of 0.99.

Institutional Trading of Pacer Data & Infrastructure Real Estate ETF

Hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its position in Pacer Data & Infrastructure Real Estate ETF by 2.1% during the third quarter. Ameriprise Financial Inc. now owns 1,150,694 shares of the company’s stock worth $36,449,000 after purchasing an additional 23,764 shares during the period. Foster & Motley Inc. acquired a new position in shares of Pacer Data & Infrastructure Real Estate ETF during the 2nd quarter worth approximately $12,558,000. Finally, Invenio Wealth Partners LLC grew its position in Pacer Data & Infrastructure Real Estate ETF by 5.7% during the third quarter. Invenio Wealth Partners LLC now owns 51,841 shares of the company’s stock worth $1,642,000 after buying an additional 2,793 shares in the last quarter.

Pacer Data & Infrastructure Real Estate ETF Company Profile

The Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a market cap-weighted index of real estate companies from developed markets that are related to data and infrastructure. SRVR was launched on May 15, 2018 and is managed by Pacer.